Early Life and Career
Hui Wing Mau, also known as Xu Rongmao, was born in China and began his career outside of real estate. He worked in a textile factory in Hong Kong before starting his real estate investments. Hui recognized the potential of the real estate market in China and made early investments in the late 1980s.
Rise to Success
Hui founded Shimao Property Holdings in 2001, which was later renamed Shimao Group Holdings. He focused on developing high-quality, integrated real estate projects in major Chinese cities. The company's initial projects were concentrated in Shanghai and Beijing, leveraging the real estate boom. Shimao Group expanded its portfolio to include residential properties, commercial buildings, and hotel operations, becoming one of China's largest property developers.
Key Business Strategies
Hui's business strategies included identifying opportunities before others and expanding into new markets. His ability to anticipate market trends and adapt to changing conditions was crucial to his success. He has been noted for his strategic moves, including investing in the Shanghai and Beijing markets early on. Shimao Group's IPO in 2006 provided significant capital for further expansion.
Philanthropy
While specific details on Hui Wing Mau's philanthropy are limited in the search results, his involvement in the Chinese People's Political Consultative Conference indicates a commitment to social activities.